Advertisements
Advertisements
प्रश्न
Answer in brief.
What is public deposit?
उत्तर
- Public deposits are an important source of financing short term requirements of a company. When companies generally receive deposits from the public for the period ranging from 6 months to 36 months, it is known as Public Deposits'.
- Under this method, the general public is invited to deposit their savings with the company for a varied period. Interest is paid by companies on such deposits. The rate of interest is higher than those allowed by commercial banks.
- The company issues 'Deposit Receipt to the depositor. The term deposit is mentioned in the Deposit Receipt'. A deposit Receipt is an acknowledgement of the debt by the company.
Deposits are unsecured loans offered to the company. - It is considered a risky investment but investors can earn a high return on public deposits. Deposits are either secured or unsecured loans offered by the company.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Company can accept deposits from public, maximum for ______ months.
Answer in one sentence.
What is Deposit Trust Deed?
Answer in one sentence.
What is Register of Deposit?
Write a word or a term or a phrase which can substitute the following statement.
Money raised by company from public for minimum 6 months to maximum 36 months.
Justify the following statement.
Public deposit is good source of short term financing.
Select the correct answer from the options given below and rewrite the statement:
Company can issue circular or advertisement for inviting deposits after _________ days of filing it with Registrar of Companies.
Select the correct answer from the options given below and rewrite the statement:
Charge on assets is to be created when a company issues ______________.
Write a word or a term or a phrase which can substitute the following statement.
Account that can be used only for repaying deposits
Complete the sentence:
Deposit is a type of _____________ term loan.
Complete the sentence:
Eligible Public company and Govt. Company can accept deposits from ______________.
Complete the sentence:
To collect deposits from public, Eligible public company must have a net worth of not less than ___________
Complete the sentence:
Premature repayment of deposits can be done by a company but not before _____________.
Correct the underlined word and rewrite the following sentence.
Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.
Explain the following term/concept.
Deposit Receipt
Explain the following term/concept.
Return of Deposit
Justify the following statement
All companies cannot accept deposits from public.
Justify the following statement.
The company issuing the deposit must open Deposit Repayment Reserve Account.
Explain the following term/concept in detail:
Net Worth
Find the odd one.
Government companies can accept deposits from members.
